banner_ad

Internal audit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 February 2012 Sir i want to know whether personal expenses of director or owner of company consider as expenses of company....
Eg:- mr A owner of Company Xltd purchase washing machine ,Tv etc..for own residence..whether that expenes considered as exp of comapny.....
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
20 February 2012 No personal expenses allowed in the company accounts.even director also. it will be reported in the audit report
Profile Image

Muskaan

Profile Image

Muskaan (Querist)
20 February 2012 thanks..sir..
Profile Image

CMA Loganathan Sekar

Profile Image

CMA Loganathan Sekar (Expert)
21 February 2012 A company is a seperate entity and owner is lender of company... Any expenses which spent for the business only will allowed as business exp.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details